# Mrgn Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mrgn-labs

- Industry: Financial Services
- Headquarters: US
- Website: www.marginfi.com
- Total disclosed funding: $3M
- Latest round: Seed (Feb 23, 2022)
- Investors on record: 4

## About

Based in Oregon, US, and founded in 2021, Mrgn Labs LLC is a Solana-based DeFi margin protocol. Edgar Pavlovsky is the founder of the company. In February 2022, Mrgn Labs raised USD 3 million in seed funding, co-led by new investors Multicoin Capital and Pantera Capital, with participation from other new investors Sino Global Capital and Solana Ventures.

The company develops Marginfi, a decentralized portfolio margining system for trading on Solana. Traders can use the protocol to acquire margin, build a portfolio, and increase capital efficiency across many trading protocols. Traders can use Marginfi to manage a custom portfolio across multiple DeFi protocols from a single trader account.

The company plans to use the seed funding received in February 2022 to drive community and ecosystem development and launch the protocol into a development network (DevNet).

## Funding rounds

- Seed, Feb 23, 2022, $3M — Pantera Capital, Multicoin Capital, Ryze Labs, Solana Ventures

## Investors

- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Seed
- Ryze Labs (https://capitalatlas.ai/funds/ryze-labs) — Seed
- Solana Ventures (https://capitalatlas.ai/funds/solana-ventures) — Seed